银行间市场个贷ABS指数报告2026Q2

ABS指数2026年第2季度车贷ABS惠誉博

车贷ABS概览项目 26Q226Q125Q4资产池总余 1110.4额（亿元）1146.5871.7M2逾期率 0.280.260.29指数（%）M3逾期率 7指数（%）来源：惠誉博华消费贷ABS概览项目 26Q2 26Q125Q4M2/M3逾期率0.4%0.3%0.2%0.1%0.0%

额（亿元M2逾期率指数M3逾期率来源：惠誉博华

55.6117.1125.41.161.26 0.971.21 1.40 1.05来源：受托报告、惠誉博华惠誉博华银行间市场车贷ABS指数CPR15%12%9%6%3%0%

笔数（右轴） CPRCPR：3个月移动平均值

RMBS概览项目 26Q2 26Q125Q4资产池总余 资产池总余 1247.1 1353.71453.5额（亿元）M2逾期率0.220.26 0.22M3逾期率0.130.20 0.13指数M2逾期率0.220.26 0.22M3逾期率0.130.20 0.13来源：惠誉博华相关研究《惠誉博华银行间市场个贷相关研究《惠誉博华银行间市场个贷ABS指数报告2026Q1》《2026年银行间信贷资产证券化展望》联系人徐倩楠+861056633815qiannan.xu@王欢+861056633812huan.wang@ 媒体联系人李林+861059570964jack.li@惠誉博华银行间市场车贷ABS指数发起机构权重宝马AFC 北京现代AFC 奔驰AFC 比亚迪AFC 大众AFC 东风东风财务 东风日产AFC 丰田AFC 福特AFC 工商银行吉致AFC 建设银行 江苏常熟农商行 平安银行 奇瑞徽银三一AFC 上汽财务 上汽通用AFC 一汽AFC 长安A100%80%60%40%20%100%80%60%40%20%来源车贷ABS按发行年份统计1.2%1.0%0.8%0.6%0.4%0.2%0.0%

2012 2014 2015 2016 20172018 2019 2020 2021 20222023 2024 2025 20261 3 5 7 9 11 13 15 17 19 21 23 25 27 29 31 33 35注：2012至2023年发行的车贷ABS产品不再公布受托报告或存续超过36期。来源：受托报告、惠誉博华

自发行经历月份逾期率指数小幅回升：本季度新增样本的逾期率较低，退出样本的逾期率较高，而上季度存ABSM2M30.28%0.16%ABSCPR指数显著回落：CPR指数在一季度末创历史新高后，于本季度内连续回落，季末至7.74%，基本与过去两年内的最低值持平。样本构成变动较大：75.0%和本季度末资产余额的18.1%，季末中资AFC占比近70%，为历史最高水平。累计违约率曲线抬升势头放缓：车贷ABS20232025前推升违约率的多重因素已相对平稳，车贷违约率亦有望进入平稳运行的状态。消费贷ABS惠誉博M2/M3逾期率2.0%1.5%1.0%0.5%0.0%来源：受托报告、惠誉博华

通过点击或扫描上方二维码，您可以：数：RMBSABSABS；CPR数：RMBSABS；NPAS回收率指数；获取指数报告尚未发布的最新数据；查看指数报告未显示的早期数据；以表格形式浏览所有数据；交互式选择具体的数据点或数据区间。消费贷ABS累计违约率按发行年份统计8.0%6.0%4.0%2.0%0.0%

2015 2016 2017 2018 2019 20202021 2022 2023 2024 20251 3 5 7 9 11 13 15 17 19 21 23 25 27 29 31 33 35注：2015至2021年发行的消费贷ABS产品不再公布受托报告。 自发行经历月份来源：受托报告、惠誉博华逾期率指数先降后升：ABSABSM21.16%，M31.21%，仍处于高位运行。样本构成变动较小：二季度无新增样本，退出4个样本，样本变动对指数表现的影响有限。整体来看，存续样本间的资产逾期表现差异仍然较大，主要体现为发起机构间的差异。发起机构变化驱动累计违约率曲线抬升：自2022年起，银行间市场消费贷ABS的主力发起机构由银行逐渐转变为消费金融公司，导致近三年累计违约率曲线较此前水平有所抬升。RMBS惠誉博M2/M30.36%0.30%0.24%0.18%0.12%0.06%0.00%来源：受托报告、惠誉博华惠誉博华银行间市场RMBS指数25%20%15%10%5%0%

笔数（右轴） CPR CPR：3个月移动平均值

300240180120600来源：受托报告、惠誉博华惠誉博华银行间市场RMBS指数发起机构权重建设银行邮储银行招商银行民生银行江南农商北京银行中国银行顺德农商徽商银行苏州银行工商银行杭州银行兴业银行华夏银行农业银行交通银行中信银行广发银行中德房储江苏银行汉口银行南京银行浦发银行平安银行浙商银行青岛银行郑州银行东莞银行成都银行常熟农商三峡银行100%100%80%60%40%20%0% 来源：受托报告、惠誉博华RMBS累计违约率按发行年份统计 2005 2007 2014 2015 2016 20172018 2019 2020 2021 20221.5%1.0%0.5%0.0%

1 13 25 37 49 61 73 85 97 109 121 133 145 157注：2005年发行的RMBS已清算。来源：受托报告、惠誉博华

自发行经历月份资产池逾期率高位波动：二季度RMBS逾期率指数较一季度末先显著回落，后于相对高位波动运行，季末M2和M3逾期率指数分别为0.22%和0.13%。CPR指数冲高回落：4月RMBSCPR13.79%148.35%。样本构成稳定：41.1%20253来保持稳定。违约表现平稳：2017-2022年的累计违约率曲线相对集中，反映了RMBS资产池违约表现较为平稳，自发行后5年的累计违约率平均水平约为1%。个人贷款新规正式施行“+81个人贷款新规的正式施行保障了消费者的知情权，使得个人贷款的真实成本一目了然。同时，新规的实施将有助于促进金融机构和借贷平台的规范化和透明化运营，推动个人贷款市场的健康发展。附录1：指数编制方法惠誉博华编制的银行间市场个贷ABS指数描述了银行间债券市场个贷ABS的基础资产整体表现，包括资产池逾期情况及提前偿还情况。具体包括M2逾期率指数和M3逾期率指数。M23160M36190CPR12CPR=1−(1−当期提前偿还的本金/(当期期初资产池未偿本金余额−当期计划摊还本金))2。3指数将逐月计算，并以各样本交易月末的资产池未偿本金余额为权重。附录2：2026年6月指数构成交易名称发起机构资产池余额（万元）M2逾期率M3逾期率CPR交易名称发起机构资产池余额（万元）M2逾期率M3逾期率CPR车贷ABS屹腾2020-2一汽AFC155.570.00%0.00%0.00%长金2025-1长安AFC167,429.820.94%0.62%8.79%屹腾2021-4一汽AFC534.360.00%0.00%0.00%福元2025-1福特AFC92,791.990.58%0.20%10.87%屹腾2021-5一汽AFC2,474.490.06%0.03%0.85%瑞泽天驰2025-2奇瑞徽银AFC287,641.990.24%0.23%3.56%长盈2024-1长城滨银AFC52,671.630.95%0.34%10.14%欣荣2025-1瑞福德AFC136,184.150.58%0.37%9.20%速利银丰2024-1奔驰AFC329,771.240.41%0.23%11.72%屹腾2025-1一汽AFC97,566.230.30%0.36%13.57%华驭十五大众AFC91,481.520.61%0.38%10.63%屹腾2025-2一汽AFC33,451.000.69%0.89%7.66%长盈2024-3长城滨银AFC99,339.360.97%0.36%8.07%吉时代2025-2吉致AFC308,696.950.04%0.01%6.08%速利银丰2024-2奔驰AFC13,764.300.38%0.19%10.28%唯盈2025-2东风日产AFC211,046.870.17%0.09%4.79%福元2024-1福特AFC48,801.821.06%0.37%13.26%汇聚融2025-2广汽汇理AFC274,031.250.32%0.18%6.83%吉时代2024-3吉致AFC82,791.580.48%0.24%11.68%长金2025-2长安AFC113,633.850.15%0.10%7.55%速利银丰2024-3奔驰AFC340,344.000.37%0.18%9.61%长盈2025-3长城滨银AFC224,944.580.25%0.11%7.51%汇聚融2024-4广汽汇理AFC61,937.840.46%0.13%8.81%丰耀2025-2丰田AFC252,300.370.12%0.13%8.42%德宝天元2024-1宝马AFC396,367.060.07%0.11%21.57%吉时代2025-3吉致AFC459,911.910.11%0.04%5.34%瑞泽天驰2024-2奇瑞徽银AFC111,526.370.87%0.68%6.26%屹腾2025-3一汽AFC216,963.970.25%0.27%11.35%盈风2024-1东风AFC92,352.090.63%0.33%7.00%盛世融迪2025-1比亚迪AFC356,520.690.12%0.04%9.49%长盈2024-4长城滨银AFC134,277.080.70%0.34%10.20%长金2025-3长安AFC198,054.240.38%0.10%5.63%吉时代2024-4吉致AFC67,839.710.21%0.07%13.92%屹腾2025-4一汽AFC156,138.300.22%0.17%11.93%瑞泽天驰2024-3奇瑞徽银AFC161,909.430.99%0.89%5.79%长盈2025-4长城滨银AFC193,570.210.28%0.15%5.14%长盈2025-1长城滨银AFC120,830.970.62%0.20%9.39%德宝天元2025-1宝马AFC600,000.000.03%0.04%11.20%吉时代2025-1吉致AFC139,213.720.17%0.04%8.30%盈风2025-2东风AFC256,295.400.28%0.05%3.89%唯盈2025-1东风日产AFC124,708.030.19%0.16%7.00%吉时代2025-4吉致AFC590,436.820.13%0.06%5.66%速利银丰2025-1奔驰AFC222,365.790.12%0.17%9.19%瑞泽天驰2025-3奇瑞徽银AFC370,676.310.27%0.19%5.09%汇聚融2025-1广汽汇理AFC203,109.560.39%0.17%7.93%华驭2026-17大众AFC294,746.610.25%0.15%5.81%长盈2025-2长城滨银AFC165,124.280.42%0.23%6.81%盈风2026-1东风AFC410,684.550.19%0.05%3.39%瑞泽天驰2025-1奇瑞徽银AFC197,378.760.47%0.29%4.23%吉时代2026-1吉致AFC522,771.520.03%0.01%2.76%丰耀2025-1丰田AFC154,809.110.15%0.09%8.87%屹腾2026-1一汽AFC244,785.130.21%0.18%8.22%华驭十六大众AFC157,987.370.51%0.28%9.98%瑞泽天驰2026-1奇瑞徽银AFC249,586.930.22%0.16%4.31%盈风2025-1东风AFC120,629.870.38%0.03%3.40%唯盈2026-1东风日产AFC88,835.170.22%0.09%3.63%消费贷ABS建晟2022-1建设银行14,488.870.29%0.38%/南银法巴2025-1南银法巴消费88,466.521.72%1.57%/常星2023-1常熟农商526.050.00%0.00%/安逸花2025-2马上消费22,898.331.67%2.71%/常星2023-2常熟农商1,148.570.00%0.00%/够花2025-2海尔消费45,551.572.12%2.89%/常星2023-3常熟农商1,167.810.00%0.00%/宁惠2025-1宁银消费82,472.552.18%1.75%/常星2023-4常熟农商945.680.00%0.00%/温兴2025-2温州银行53,779.060.47%0.39%/常星2024-1常熟农商1,069.850.00%0.00%/乐惠2025-1杭州联合农商13,747.900.00%0.00%/常星2024-2常熟农商5,964.600.00%0.00%/红棉广赢2025-1广州银行12,517.870.48%0.53%/南银法巴2024-2南银法巴消费72,875.851.71%1.97%/温兴2025-3温州银行138,023.120.11%0.15%/RMBS建元2007-1建设银行2,204.760.00%0.00%16.91%工元宜居2019-8工商银行4,688.071.68%0.88%0.00%邮元2014-1邮储银行46,594.990.11%0.08%7.65%惠益2019-10中信银行105,394.920.06%0.07%4.78%居融2015-1江南农商3,041.400.35%0.00%5.63%惠益2019-11中信银行98,913.300.12%0.15%10.81%京诚2015-2北京银行1,274.010.00%0.50%36.08%惠益2019-12中信银行125,005.340.10%0.16%6.51%信融2016-1顺德农商6,031.520.22%0.16%5.80%融享2020-1江苏银行42,403.380.17%0.00%11.06%家美2016-1邮储银行58,499.800.07%0.12%10.76%工元宜居2020-1工商银行8,054.030.68%0.27%3.67%中盈2016-1中国银行23,355.920.04%0.05%8.98%浦鑫安居2020-1浦发银行67,257.700.31%0.18%5.15%居融2016-1江南农商13,685.220.20%0.27%15.70%邮元家和2020-1邮储银行68,447.690.16%0.16%8.33%苏福2016-1苏州银行2,835.660.57%0.00%0.00%杭盈2020-1杭州银行56,634.440.18%0.00%9.61%中盈2016-2中国银行24,131.650.47%0.02%12.91%融享2020-2江苏银行34,784.870.15%0.00%9.43%企富2016-1民生银行117,857.820.33%0.17%9.69%杭盈2020-2杭州银行84,797.320.00%0.00%9.55%中盈2016-3中国银行27,302.630.14%0.04%4.94%工元宜居2020-2工商银行7,876.141.27%1.07%0.00%工元2016-4工商银行665.020.00%0.00%0.00%招银和家2020-2招商银行133,576.020.20%0.00%6.62%中盈2017-1中国银行36,514.340.12%0.07%10.15%招银和家2020-3招商银行142,350.820.14%0.15%7.37%杭盈2017-1杭州银行21,390.340.05%0.02%8.80%招银和家2020-4招商银行152,679.820.19%0.11%10.51%中盈2017-2中国银行13,206.810.08%0.03%5.93%建元2020-7建设银行29,937.820.28%0.20%1.28%居融2017-1江南农商26,660.470.09%0.15%8.94%兴元2020-1兴业银行49,973.010.10%0.00%17.49%交易名称发起机构资产池余额（万元）M2逾期率M3逾期率CPR交易名称发起机构资产池余额（万元）M2逾期率M3逾期率CPR龙居2017-1华夏银行13,472.040.00%0.14%11.20%工元宜居2020-3工商银行8,458.290.49%0.20%4.11%中盈2017-3中国银行42,746.210.13%0.12%5.84%杭盈2020-3杭州银行52,033.820.34%0.19%11.29%工元2017-3工商银行1,911.090.00%0.00%1.02%海元2020-1青岛银行77,943.810.31%0.04%11.67%工元2017-4工商银行1,433.660.32%0.03%0.00%招银和家2020-5招商银行153,162.180.21%0.06%7.78%工元2017-5工商银行1,548.740.18%0.00%0.00%鑫宁2020-1南京银行18,212.340.00%0.00%19.09%中盈2018-1中国银行77,436.500.11%0.14%5.04%工元乐居2020-1工商银行8,055.100.26%0.60%0.00%工元2018-1工商银行2,551.130.13%0.44%0.00%工元乐居2020-2工商银行7,757.401.10%0.58%0.19%家美2018-1邮储银行118,362.630.19%0.15%6.56%工元乐居2020-3工商银行8,567.800.92%0.35%0.00%工元2018-2工商银行1,876.311.92%0.16%0.00%建元2020-11建设银行29,130.250.28%0.37%5.86%工元2018-3工商银行2,428.970.97%0.07%0.00%工元乐居2020-4工商银行8,357.580.55%1.32%0.00%工元2018-4工商银行6,254.000.88%0.29%2.49%豫鼎2020-1郑州银行108,996.550.59%0.42%5.19%工元2018-5工商银行5,002.701.20%0.12%2.32%中盈万家2020-1中国银行117,337.600.09%0.10%4.49%中盈2018-2中国银行72,131.800.11%0.14%6.55%招银和家2020-6招商银行228,577.150.25%0.09%6.86%工元2018-6工商银行5,997.910.54%0.10%0.36%中盈万家2020-2中国银行124,507.880.12%0.04%5.66%工元2018-7工商银行5,816.180.75%1.56%0.00%浦鑫安居2020-2浦发银行130,053.580.19%0.22%10.03%工元2018-8工商银行6,054.141.06%0.37%0.00%莞鑫2020-1东莞银行25,162.480.12%0.09%6.08%工元2018-9工商银行7,177.430.67%0.95%0.00%工元乐居2020-5工商银行7,801.730.28%0.28%0.00%兴元2018-3兴业银行128,640.510.64%0.00%10.69%杭盈2020-4杭州银行54,156.220.00%0.00%9.90%工元2018-10工商银行6,825.551.37%1.06%0.00%招银和家2020-8招商银行199,123.820.12%0.10%11.17%农盈2018-5农业银行55,932.280.21%0.25%8.08%工元乐居2020-6工商银行8,431.840.89%0.29%0.00%工元2018-11工商银行7,255.030.75%0.51%0.00%招银和家2020-7招商银行199,771.560.23%0.00%6.21%惠益2018-1中信银行14,282.680.02%0.03%5.20%蓉居2020-1成都银行12,138.840.15%0.02%8.84%工元安居2018-1工商银行10,451.140.64%0.53%9.28%常安居2020-1常熟农商33,225.270.11%0.42%2.38%工元安居2018-2工商银行9,282.761.19%0.77%4.22%工元乐居2020-7工商银行4,191.771.83%2.39%0.00%工元安居2018-3工商银行8,858.280.32%0.40%0.00%招银和家2020-9招商银行59,526.000.20%0.31%9.15%中盈万家2018-1中国银行40,247.460.20%0.29%5.38%信融宜居2021-1顺德农商52,116.810.28%0.00%8.46%兴元2018-4兴业银行133,472.610.64%0.00%10.64%农盈汇寓2021-1农业银行430,536.490.14%0.15%8.13%中盈万家2018-2中国银行61,852.320.13%0.13%9.33%中盈万家2021-1中国银行114,415.110.12%0.02%7.33%工元安居2018-4工商银行10,011.220.81%0.51%0.00%融享2021-1江苏银行106,152.350.04%0.06%11.60%工元安居2018-5工商银行9,292.040.75%0.55%0.00%兴渝2021-1三峡银行66,673.420.59%0.80%5.12%交盈2018-3交通银行66,682.940.12%0.03%7.15%杭盈2021-1杭州银行46,589.650.00%0.00%9.55%中盈万家2019-1中国银行65,007.860.04%0.16%5.51%惠益2021-1中信银行105,677.220.03%0.05%9.52%农盈2019-1农业银行91,624.080.23%0.12%8.06%中盈万家2021-2中国银行169,158.920.11%0.11%7.89%工元安居2019-1工商银行12,691.450.52%0.53%2.40%鑫宁2021-1南京银行33,798.360.05%0.00%9.31%工元安居2019-2工商银行11,433.370.47%0.41%4.03%兴元2021-1兴业银行344,563.170.43%0.00%10.44%融享2019-1江苏银行8,597.990.00%0.00%11.68%惠益2021-2中信银行109,025.180.00%0.17%10.65%兴元2019-1兴业银行179,408.200.68%0.00%8.73%工元乐居2021-1工商银行6,856.062.01%0.00%0.00%交盈2019-1交通银行77,843.380.08%0.16%10.08%招银和家2021-1招商银行380,428.160.26%0.07%9.31%农盈2019-2农业银行149,281.560.19%0.10%8.30%工元乐居2021-2工商银行7,559.880.50%0.75%0.00%九通2019-1汉口银行55,165.170.49%0.24%6.15%惠益2021-3中信银行123,432.060.06%0.28%8.96%杭盈2019-1杭州银行37,848.170.09%0.50%7.48%邮元家和2021-1邮储银行87,877.400.15%0.13%7.84%惠益2019-1中信银行11,400.240.28%0.10%5.94%京诚2021-1北京银行143,955.400.22%0.24%14.07%惠益2019-2中信银行9,697.950.16%0.00%13.44%浦鑫安居2021-1浦发银行285,621.680.23%0.16%5.33%交盈2019-2交通银行102,756.390.12%0.10%6.35%安鑫2021-1平安银行115,576.360.20%0.12%9.13%中盈万家2019-2中国银行63,720.450.03%0.10%8.27%蓉居2021-1成都银行25,443.060.14%0.18%5.49%惠益2019-3中信银行13,166.730.05%0.16%7.52%海元2021-1青岛银行27,837.871.09%0.30%6.02%惠益2019-4中信银行15,487.670.05%0.00%8.36%杭盈2021-2杭州银行126,117.460.17%0.14%12.23%惠益2019-5中信银行37,146.270.43%0.05%6.59%中盈万家2021-3中国银行202,451.730.07%0.04%6.21%杭盈2019-2杭州银行78,962.530.02%0.00%13.17%邮元家和2021-2邮储银行174,581.090.17%0.22%8.19%和家2019-1招商银行157,432.610.14%0.09%9.01%工元乐居2021-3工商银行7,468.832.48%1.24%0.00%鑫宁2019-1南京银行7,806.070.38%0.00%4.44%招银和家2021-2招商银行101,246.080.12%0.08%9.06%兴元2019-2兴业银行170,833.390.54%0.00%8.91%工元乐居2021-4工商银行7,109.161.39%1.65%0.00%浦鑫2019-1浦发银行76,616.710.17%0.11%8.08%交盈2021-1交通银行179,441.630.16%0.14%7.10%和家2019-2招商银行10,317.360.41%0.00%5.09%工元乐居2021-5工商银行4,348.800.91%0.29%0.00%惠益2019-6中信银行38,191.060.24%0.03%14.88%招银和家2021-4招商银行231,690.690.27%0.02%8.44%惠益2019-7中信银行31,456.720.10%0.04%14.22%工元乐居2021-6工商银行4,073.110.00%0.31%0.00%融享2019-2江苏银行15,332.980.00%0.14%8.87%交盈2021-2交通银行175,075.860.13%0.09%7.56%安鑫2019-1平安银行1,862.940.00%0.00%6.99%兴元2021-2兴业银行129,696.470.63%0.00%10.42%交易名称发起机构资产池余额（万元）M2逾期率M3逾期率CPR交易名称发起机构资产池余额（万元）M2逾期率M3逾期率CPR工元宜居2019-1工商银行8,062.010.33%1.